WOGNEWS, Global Energy Market News is a publicly available information portal about the global energy market and industry. The portal contains information in text, video and photo formats since January, 2014.

Post

AUSTRALIA'S SOLAR STORAGE $15 BLN

Posted to WOGNEWS

image credit: AUSTRALIA'S SOLAR STORAGE $15 BLN

RENEWABLES NOW published.

A plan for the construction of a 10-GW solar power complex with 30 GWh of energy storage capacity in Australia's Northern Territory, which will be able to export power to Singapore, has been granted a Major Project Status by the federal government. 

This means that the AUD-22-billion (USD 15.7bn/EUR 13.4bn) Australian-ASEAN Power Link (AAPL) project of Sun Cable Pte Ltd will receive extra support from the Major Projects Facilitation Agency, including a single entry point for Commonwealth Government approvals, project support and coordination, and help with state and territory approvals, industry minister Karen Andrews and energy minister Angus Taylor said in a joint statement today.

In July 2019, the Northern Territory government also gave the scheme Major Project Status.

Sun Cable’s giant solar-plus-storage energy hub near Tennant Creek will be supplying green electricity to Darwin and from there to Singapore via a High Voltage Direct Current (HVDC) cable. There are plans to also reach Indonesia. Once built, the facility will be one of the world’s largest dispatchable renewable electricity systems.

“This project is helping to grow a new industry, utilising intercontinental HVDC submarine transmission systems, to supply renewable electricity to major load centres in the Indo-Pacific and support the region's low-emissions goals,” said Sun Cable chief executive David Griffin.

Roughly AUD 8 billion of the AUD-22-billion investment is expected to be injected directly in Australia, Minister Andrews said. The complex’s construction is seen to create 1,500 jobs in Australia and generate AUD 2 billion work of exports annually.

Near the end of 2019, firms owned by billionaire Mike Cannon-Brookes and his wife Annie, and mining magnate Andrew Forrest participated in an oversubscribed capital hike at project company Sun Cable. It secured proceeds in the tens of millions range for early development work for the project.

WOGNEWS
WOGNEWS, Global Energy Market News is a publicly available information portal about the global energy market and industry. The portal contains information in text, video and photo formats since January, 2014.

Discussions

Jim Stack's picture
Jim Stack on Aug 3, 2020

Excellet story. This help change the notion that high power transmission is on for AC power. With todays technology DC can be used as well. The sharing of power from one area to another is great for the GRID. When Renewable Solar PV and or Wind is plentiful it can be sent to the place that needs it the most. With some battery storage it can help meet all the needs. 

Vladimir Vinogradov's picture
Vladimir Vinogradov on Aug 4, 2020

Jim, you are right. 

Vladimir Vinogradov's picture

Thank Vladimir for the Post!

Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »